Sec. 6. (a) An electronic activity is authorized for a financial institution as incidental to the financial institution’s business if the activity is convenient or useful to an activity that is:

(1) specifically authorized for the type of financial institution under consideration; or

(2) otherwise part of the business of the type of financial institution under consideration.

     (b) In determining whether an electronic activity is authorized as incidental to a financial institution’s business, the director may consider whether the activity:

(1) facilitates the production or delivery of the financial institution’s products or services;

(2) enhances the financial institution’s ability to sell or market its products or services;

(3) improves the effectiveness or efficiency of the financial institution’s operations; or

(4) enables the financial institution to:

(A) use capacity acquired for its operations as a financial institution; or

(B) otherwise avoid economic loss or waste.

As added by P.L.10-2006, SEC.32 and P.L.57-2006, SEC.32.